CB has launched cbBTC, an ERC20 token backed 1:1 by Bitcoin, enabling BTC holders to use DeFi platforms on Ethereum and Base. This could lead to more liquidity flowing into altcoins as BTC is utilized in DeFi, supporting the idea of an upcoming altseason. As BTC moves into these decentralized ecosystems, the demand for altcoins should rise.

Also, next week is going to be interesting, with events that could impact the market:

- Trump's World Liberty Financial Announcement (X Spaces) - September 16

- FOMC and Federal Reserve Interest Rate Decision - USA, September 18

- TOKEN2049 event - Singapore, September 18-19

- Solana Breakpoint 2024 event - Singapore, September 19-21

The timing is perfect. As mentioned before, ALTS/BTC seem to be bottoming, and BTC is forming a new bullish trend on lower timeframes that could take it higher.

I wish you all a blessed weekend!